Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$103,103$103,103$283,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$180,397$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.818%7.560%
1st payment$639.06$639.06$1,947.45
2nd payment$0.00$1,202.65$0.00
Taxes / mo$241.42$241.42$241.42
Insurance / mo$150.00$150.00$150.00
MI / mo$95.97$95.97$56.70
HOA / mo$15.00$15.00$15.00
Total monthly$1,141.45$2,344.10$2,410.56
Cash to close$211,897$31,500$31,500